Sources familiar with the developments said the clearance came a few days earlier. While the details of the revised structure were not known, the sources said it would remain an all-stock deal.
This is being done for two reasons: to avoid conflict of interest and bring in transparency in the functioning of the banking regulator.
RBI last year initiated the process for issuing fresh licences by publishing a discussion paper inviting comments from the public.
After rising for more than a year, short-term interest rates have started falling since the beginning of the month, thanks to improved liquidity.
State Bank of India (SBI) has put on the backburner its plan to acquire a stake in Tata Motors Finance, following the Reserve Bank of India's (RBI's) objection.
According to RBI data, bank lending to commercial real estate registered 20 per cent growth in the year ended May 30 as compared to 1.2 per cent in the previous year.
RBI feels allowing foreign companies into this business may affect financial stability.
It is clear now that our policy to treat FCCBs as debt upfront turned out to be the right approach.
India needs to rapidly generate gainful employment for millions of young men and women expected to join the workforce in the coming decade.
Khan would replace Shyamala Gopinath who retires on June 20, after a seven-year stint as deputy governor.
There are thousands of stocks within the NSE, for example, that are rarely traded.
No one expects the US to sign up on any real deal till the next presidential elections are over.
Asia has more than one candidate who fits the bill.
If such bar-coding covers government procurement, pinpointing the culprits will become easier.
The Financial Stability and Development Council had earlier mandated RBI and the Securities and Exchange Board of India to undertake a review of the existing practices followed by banks and brokerage houses in offering wealth management services.
Sharp increase is a major departure from those during former chairman O P Bhatt's regime.
S&P's specific concern is that: "US policymakers might not reach an agreement on how to address medium- and long-term fiscal challenges."
One of the MDs, R Sridharan, is focusing on associates and subsidiaries. Another managing director, S K Bhattacharyya, who retired in October, 2010, was the chief credit risk officer.
The bank follows RBI discomfort with quid pro quo pact.
If inflation begins to climb again as the primary and secondary effects of fuel price increase, yields and interest rates could move up again.
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